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Australia’s central bank hiked rates for fear inflation was becoming entrenched

Australia’s central bank hiked rates for fear inflation was becoming entrenched

© Reuters. Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz/File Photo SYDNEY, June 20 (Reuters) – Australia’s central bank’s decision to hike interest rates in June was “finely balanced” but judged necessary to ensure high inflation did not become embedded in wage and…

Russia’s Putin rebuts key elements of African peace plan for Ukraine

Russia’s Putin rebuts key elements of African peace plan for Ukraine

© Reuters. Russian President Vladimir Putin delivers a speech during a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 16, 2023. Ramil Sitdikov/Host photo agency RIA Novosti via REUTERS (Reuters) – Russian President Vladimir Putin on Saturday gave African leaders seeking to mediate in the war in Ukraine a…

Goldman calls markets too optimistic on pace of US inflation drop -Bloomberg

Goldman calls markets too optimistic on pace of US inflation drop -Bloomberg

© Reuters. FILE PHOTO: A shopper looks at food displayed in a supermarket ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 22, 2022. REUTERS/Jim Vondruska/File Photo   GS -0.42% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: Please name your holdings portfolio Type: BUY SELL Date:   Amount:…

Exclusive-Canada bank regulator says lenders should urgently tackle risks from mortgage extensions

Exclusive-Canada bank regulator says lenders should urgently tackle risks from mortgage extensions

© Reuters. FILE PHOTO: A realtor’s sign stands outside a house for sale in Toronto, Ontario, Canada May 20, 2021. REUTERS/Chris Helgren ?/File Photo By Nivedita Balu TORONTO (Reuters) -Canada’s financial regulator is urging lenders to tackle risks from mortgage extensions at the “earliest opportunity” as many borrowers try to navigate higher mortgage costs after…